Can I retire at age 51 with 766,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$63,256$62,692$62,142$61,606$61,082$60,697
2 years$31,315$30,731$30,166$29,618$29,087$28,698
3 years$20,669$20,083$19,520$18,977$18,454$18,074
4 years$15,347$14,763$14,205$13,672$13,161$12,793
5 years$12,155$11,575$11,024$10,501$10,005$9,650
6 years$10,028$9,452$8,909$8,398$7,917$7,574
7 years$8,509$7,937$7,403$6,904$6,438$6,109
8 years$7,370$6,804$6,279$5,792$5,341$5,026
9 years$6,485$5,924$5,408$4,933$4,498$4,196
10 years$5,777$5,222$4,715$4,253$3,833$3,543
11 years$5,198$4,649$4,151$3,701$3,296$3,020
12 years$4,716$4,172$3,684$3,246$2,856$2,593
13 years$4,309$3,771$3,291$2,866$2,491$2,239
14 years$3,960$3,427$2,957$2,544$2,183$1,944
15 years$3,658$3,131$2,670$2,269$1,922$1,695
16 years$3,394$2,873$2,421$2,032$1,699$1,483
17 years$3,161$2,646$2,203$1,825$1,507$1,301
18 years$2,954$2,445$2,011$1,645$1,340$1,145
19 years$2,769$2,266$1,841$1,486$1,194$1,010
20 years$2,603$2,105$1,689$1,346$1,066$893
21 years$2,453$1,961$1,554$1,222$954$790
22 years$2,317$1,831$1,432$1,111$855$700
23 years$2,193$1,712$1,322$1,012$768$622
24 years$2,079$1,604$1,223$923$690$553
25 years$1,975$1,505$1,133$843$621$492
26 years$1,879$1,415$1,050$771$559$438
27 years$1,790$1,331$975$705$504$390
28 years$1,707$1,255$907$646$455$348
29 years$1,631$1,184$844$593$411$310
30 years$1,559$1,118$786$544$371$277
31 years$1,493$1,057$733$499$336$247
32 years$1,430$1,000$684$459$304$221
33 years$1,372$947$638$422$275$198
34 years$1,317$897$596$388$249$177
35 years$1,265$851$558$358$225$158
36 years$1,217$808$522$329$204$141
37 years$1,171$767$488$303$185$127
38 years$1,127$729$457$280$168$113
39 years$1,086$693$428$258$152$101
40 years$1,047$660$402$238$138$91
41 years$1,010$628$377$219$125$81
42 years$975$598$353$202$114$73
43 years$942$570$331$187$103$65
44 years$910$543$311$173$94$59
45 years$880$518$292$159$85$52
46 years$851$494$274$147$77$47
47 years$823$472$258$136$70$42
48 years$797$450$242$126$64$38
49 years$772$430$228$116$58$34
50 years$748$411$214$107$52$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $766,000, adding $4,052 every year, while hoping to spend $37,741 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/31/23 Blend
50$766,000$766,000$766,000$766,000
51$848,312$807,714$795,841$881,570
52$894,683$807,135$782,345$904,776
53$944,520$805,264$767,133$925,903
54$998,135$801,996$750,106$948,063
55$1,055,873$797,222$731,163$971,370
56$1,118,112$790,826$710,197$995,953
57$1,185,268$782,685$687,096$1,021,957
58$1,257,796$772,667$661,745$1,049,543
59$1,336,199$760,635$634,021$1,078,890
60$1,421,027$746,442$603,796$1,110,201
61$1,512,886$729,933$570,938$1,143,700
62$1,612,443$710,942$535,307$1,179,639
63$1,720,430$689,295$496,757$1,218,297
64$1,837,652$664,809$455,137$1,259,988
65$1,964,996$637,288$410,287$1,305,058
66$2,103,435$606,525$362,042$1,353,896
67$2,254,043$572,302$310,228$1,406,933
68$2,417,999$534,388$254,664$1,464,649
69$2,596,600$492,539$195,160$1,527,578
70$2,791,276$446,496$131,521$1,596,312
71$3,003,598$395,986$63,539$1,671,512
72$3,235,296$340,721$0$1,753,909
73$3,488,276$280,396$0$1,846,528
74$3,764,634$214,689$0$1,964,845
75$4,066,677$143,260$0$2,094,308
76$4,396,948$65,749$0$2,236,090
77$4,758,244$0$0$2,391,484
78$5,153,645$0$0$2,568,138
79$5,586,543$0$0$2,786,186
80$6,060,676$0$0$3,025,092
81$6,580,155$0$0$3,286,940
82$7,149,512$0$0$3,574,026
83$7,773,736$0$0$3,888,876
84$8,458,322$0$0$4,234,275
85$9,209,324$0$0$4,613,290
86$10,033,407$0$0$5,029,299
87$10,937,917$0$0$5,486,022
88$11,930,941$0$0$5,987,560
89$13,021,390$0$0$6,538,425
90$14,219,080$0$0$7,143,593
91$15,534,824$0$0$7,808,544
92$16,980,534$0$0$8,539,312
93$18,569,333$0$0$9,342,550
94$20,315,678$0$0$10,225,582
95$22,235,497$0$0$11,196,483
96$24,346,338$0$0$12,264,143
97$26,667,533$0$0$13,438,362
98$29,220,382$0$0$14,729,934
99$32,028,355$0$0$16,150,754
100$35,117,306$0$0$17,713,926